• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 5 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 14 mins Saudi Arabia Can't Endure $30 Oil For Long
  • 3 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 7 hours KSA taking Missiles from ?
  • 7 mins Trump eyes massive expulsion of suspected Chinese spies
  • 9 hours Where's the storage?
  • 9 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 11 hours China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 9 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 13 hours Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 14 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 16 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
Alt Text

Russia Will Ignore Oil Markets In G-20 Video Summit

According to a Kremlin spokesman,…

Alt Text

Economic Activity Hits A Decade-Low

Economic activity has plunged to…

Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

More Info

Premium Content

War Worries Send Oil Prices Soaring

The deadline for signing up to Global Energy Alert at a discount is looming. This is the service that EVERY energy investor and expert needs - a fact that we are so confident of that we are offering a month-long free trial. Sign up today with ZERO RISK and make your own mind up. We guarantee you won't find a better value energy service out there.

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

Friday, June 21st, 2019

Oil prices spiked by roughly 5 percent on Thursday as the U.S. considered a military strike against Iran. Late Thursday, the U.S. military appeared poised to carry out such a strike, but the operation was called off at the last minute. Reuters reported that Trump may have relayed a message to Iran through Omani intermediaries that he wanted to open negotiations. Trump tweeted early Friday morning that he called off the strike because it would not be proportional to the shooting down of an unmanned drone. “I am in no hurry, our Military is rebuilt, new, and ready to go, by far the best in the world. Sanctions are biting & more added last night. Iran can NEVER have Nuclear Weapons, not against the USA, and not against the WORLD!,” Trump tweeted.

Region…






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News